Lithuanian Defense Market - Attractiveness, Competitive Landscape and Forecasts to 2024

Lithuanian Defense Market - Attractiveness, Competitive Landscape and Forecasts to 2024



The Future of the Lithuanian Defense Industry - Market Attractiveness, Competitive Landscape and Forecasts to 2024, published by GlobalData, provides readers with detailed analysis of both historic and forecast defense industry values, factors influencing demand, the challenges faced by industry participants, analysis of industry leading companies, and key news.

This report offers detailed analysis of the Lithuanias defense industry with market size forecasts covering the next five years. This report will also analyze factors that influence demand for the industry, key market trends, and challenges faced by industry participants.

In particular, it provides an in-depth analysis of the following -
- The Lithuanias defense industry market size and drivers: detailed analysis of the Lithuanias defense industry during 2020-2024, including highlights of the demand drivers and growth stimulators for the industry. It also provides a snapshot of the countrys expenditure and modernization patterns
- Budget allocation and key challenges: insights into procurement schedules formulated within the country and a breakdown of the defense budget with respect to the army, navy, and air force. It also details the key challenges faced by defense market participants within the country
- Porters Five Force analysis of the Lithuanias defense industry: analysis of the market characteristics by determining the bargaining power of suppliers, bargaining power of buyers, threat of substitution, intensity of rivalry, and barriers to entry
- Import and Export Dynamics: analysis of prevalent trends in the countrys imports and exports over the last five years
- Market opportunities: details of the top five defense investment opportunities over the next 10 years
- Competitive landscape and strategic insights: analysis of the competitive landscape of the Lithuanias defense industry. It provides an overview of key players, together with insights such as key alliances, strategic initiatives, and a brief financial analysis

Scope

- The growth in the Lithuanian defense expenditure is primarily expected to be fueled by the ever-present threat of Russian intervention within the country. Russia, which has demonstrated willingness to adopt aggressive military measures to secure its strategic interests continues to present a clear and present danger to Lithuanian national security.
- The country has a fairly large population of Russo-phone people and remains wary of Russian attempts to influence them to destabilize the country. As such Lithuania is anticipated to invest heavily in modernizing its own defense capability, with specific emphasis on increasing the level of interoperability with other NATO allied forces. Lithuanian defense expenditure, which is valued at US$1.07 in 2019, is anticipated to stabilize and while the countrys defense expenditure experienced a rapid growth rate of 22.68% over the historic period
- On a cumulative basis, the country is expected to invest US$6.4 billion for defense purposes, of which US$2.2 billion is earmarked for capital expenditure to fund defense procurements. The governments well-defined military modernization plans are expected to stimulate the expenditure over the next few years The MoD is expected to invest in JLTV vehicles, additional NASAMS air defense system, Infantry Fighting Vehicles (IFV), multipurpose helicopters and self propeleld artillery systems.

Reasons to buy

- This report will give the user confidence to make the correct business decisions based on a detailed analysis of the Lithuanian defense industry market trends for the coming five years
- The market opportunity section will inform the user about the various military requirements that are expected to generate revenues during the forecast period. The description includes technical specifications, recent orders, and the expected investment pattern by the country during the forecast period
- Detailed profiles of the top domestic and foreign defense manufacturers with information about their products, alliances, recent contract wins, and financial analysis wherever available. This will provide the user with a total competitive landscape of the sector
- A deep qualitative analysis of the Lithuanian defense industry covering sections including demand drivers, Porters Five Forces Analysis, Key Trends and Growth Stimulators, and latest industry contracts

LIST OF FIGURES
LIST OF TABLES
1. Introduction
1.1. What is this Report About?
1.2. Definitions
1.3. Summary Methodology
1.4. About GlobalData
2. Executive Summary
3. Market Attractiveness and Emerging Opportunities
3.1. Current Market Scenario
3.1.1. Procurement Programs
3.1.2. Key Drivers and Challenges
3.2. Defense Market Size Historical and Forecast
3.2.1. Lithuanian annual defense expenditure to reach US$1.4 billion by 2024
3.2.2. Modernization and acquisition of military equipment and counter-terrorism to drive Lithuanian defense expenditure
3.2.3. The countrys defense expenditure as a percentage of GDP is expected to average 2.01% over the forecast period
3.3. Analysis of Defense Budget Allocation
3.3.1. Capital expenditures share of total expenditure to increase considerably over the forecast period
3.3.2. Capital expenditure budget is expected to increase over the forecast period
3.3.3. Per capita defense expenditure expected to increase over the forecast period
3.4. Homeland Security Market Size and Forecast
3.4.1. Lithuanian homeland security (HLS) budget is estimated to increase at a CAGR of 13.02% over the forecast period
3.4.2. Organized crime forms the major component of homeland security expenditure
3.5. Benchmarking with Key Global Markets
3.5.1. Lithuanian defense expenditure is expected to increase at a CAGR of 7.88% over the forecast period
3.5.2. Lithuanian military expenditure is low compared to countries with the largest defense expenditure
3.5.3. Lithuania allocates a low percentage of GDP to defense
3.6. Market Opportunities: Key Trends and Growth Stimulators
3.6.1. Top 10 Defense Market Sectors by Value (US$ Million) - Projections over 2019-2024
4. Defense Procurement Market Dynamics
4.1. Import Market Dynamics
4.1.1. The countrys current need to modernize its armed forces will drive defense imports
4.1.2. Germany was the leading supplier of arms to Lithuania during the period 2014-2018, a trend that is expected to continue over the forecast period
4.1.3. Artillery accounted for the majority of defense imports during 2014-2018
4.2. Export Market Dynamics
4.2.1. Lithuania does not export a large volume of arms due to its undeveloped domestic industry
5. Industry Dynamics
5.1. Market Regulation
5.1.1. Lithuanian Ministry of Economy enforces a comprehensive defense offset policy
5.1.2. Lithuanian prohibits any foreign direct investment in defense sector
5.2. Market Entry Route
5.2.1. Budgeting process
5.2.2. Government-to-government agreements are the preferred market entry route for foreign OEMs
6. Competitive Landscape and Strategic Insights
6.1. Competitive Landscape Overview
6.1.1. Foreign suppliers manufacture defense systems overseas and deliver them to Lithuania
6.1.2. Lithuanian Market Share Analysis, 2019-2024
7. Business Environment and Country Risk
7.1. Economic Performance
7.1.1. GDP Per Capita
7.1.2. GDP, Current Prices
7.1.3. Exports of Goods and Services (LCU Billion)
7.1.4. Imports of Goods and Services (LCU Billion)
7.1.5. Gross National Disposable Income (US$ Billion)
7.1.6. Local Currency Unit per US$
7.1.7. Market Capitalization of Listed Companies (US$ Billion)
7.1.8. Market Capitalization of Listed Companies (% of GDP)
7.1.9. Government Cash Surplus/Deficit as a Percentage of GDP
7.1.10. Goods Exports as a Percentage of GDP
7.1.11. Goods Imports as a Percentage of GDP
7.1.12. Services Imports as a Percentage of GDP
7.1.13. Service Exports as a Percentage of GDP
7.1.14. Foreign Direct Investment, Net (BoP, Current US$ Billion)
7.1.15. Net Foreign Direct Investment as a Percentage of GDP
7.1.16. Mining, Manufacturing, Utilities Output
8. Appendix
8.1. About GlobalData
8.2. Disclaimer

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